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Kamee Shrope

kamee.shrope@evrealestate.com +1(801) 628-1281

$ 799,000

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423 E 1ST AVE N Salt Lake City, UT 84103

4 Beds

4 Baths

3,472 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,472 sqft

Price per Sqft $230

Subdivision Avenues

MLS Listing ID 2091440

Style Stories: 2

Bedrooms 4

Construction Status Blt./Standing

HOA Y/N No

Year Built 1904

Annual Tax Amount $4,738

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type Quadruplex

Property Description

Investor Special Rare Fixer Upper 4-5 Plex in the Avenues 423 E 1st Avenue, Salt Lake City, UT 84103 Opportunity knocks in one of Salt Lake City's most desirable and historic neighborhoods. This classic 4-5 plex in the Avenues is ready for a savvy investor to roll up their sleeves and bring it back to life. Whether you're looking to renovate and rent, flip, or hold for long-term appreciation, this is the value-add project you've been waiting for. Highlights: True Fixer Upper This property needs substantial work but offers incredible upside. Ideal for investors who aren't afraid of a project and know how to unlock potential through thoughtful renovation. Solid Bones & Great Layout Each of the four units has its own entrance. With a mix of (2) 1-bedroom units and (2) 2-bedroom units, there's room for solid rental income once updates are made. Prime Location Just blocks from downtown Salt Lake, the University of Utah, and City Creek, this location is always in demand. Walkable to shops, restaurants, and transit. Parking is a Plus Rare for the area, this property offers parking for 4+ cars in the back plus additional off-street options-a valuable amenity in this neighborhood. Upside Potential Rehab and rent, flip for profit, or convert to high-end rentals. Comparable renovated fourplexes in the area command significantly higher rents and values. ________________________________________ Investor Notes: INVESTOR OPEN, Sat, June 14 at 10am. Offers subject to inspection if you are unable to attend the investor open. PLEASE DO NOT DISTURB TENANTS Property is occupied. Sold as-is Seller will make no repairs. Cash, hard money, or renovation loan preferred. Check with Salt Lake City for expansion or ADU potential.

Location

State UT

County Salt Lake

Area Salt Lake City: Avenues Area

Zoning Multi-Family

Interior

Fireplace No

Exterior

Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected

View Y/N No

Present Use Residential

Private Pool No

Building

Faces South

Sewer Sewer: Connected, Sewer: Public

Water Culinary

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Wasatch

Middle Schools Bryant

High Schools West

School District Salt Lake

Others

Senior Community No

Tax ID 09-31-480-014

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Coldwell Banker Realty (Salt Lake-Sugar House)

Kamee Shrope

Advisor

+1(801) 628-1281

Kamee Shrope

423 E 1ST AVE N Salt Lake City, UT 84103

Key Details

Location

Interior

Exterior

Building

Schools

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